Developing Public-Private Partnerships to Support the Goals of the IndoPacific Economic Framework
Dr. Orit Frenkel
September 2022
The Biden Administration’s Asian economic engagement strategy the Indo-Pacific Economic Framework (IPEF) announced in May, intends to re-establish the nation’s economic commitment in Asia, after the U.S. withdrew from the Trans-Pacific Partnership. The framework has four pillars: Connected Economy, which encourages countries to both adopt high standards for the digital economy and seek strong labor and environmental standards; Resilient Economy, which seeks measures to better anticipate and prevent supply-chain disruptions; Clean Economy, which encourages commitments on clean energy, decarbonization, and infrastructure; and Fair Economy, which seeks to enact and enforce tax, anti-bribery, and anti-money-laundering regimes.
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